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BITCOIN PRICE: 5,502.88     HIGH: 6,298.47     LOW: 5,324.00

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ChainPoint’18 International Blockchain Conference • November 14-15, 2018

ChainPoint’18 will take place on November 14-15, 2018 in Yerevan, Armenia. The organizer –“Nooor” Armenian Blockchain Association. ChainPoint’18 will be the largest…

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Tag: fiat

BlackRock and Allianz Sue 16 Banks in the U.S. over Currency Market Rigging

Category: Business, Finance, News

BlackRock and Allianz Sue 16 Banks in the U.S. over Currency Market Rigging

A group of large institutional investors in the U.S., including BlackRock Inc., a global asset management company with $6.3 trillion in assets under management, has sued 16 major banks accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market, Reuters reported on November 8, 2018. Major U.S. Banks Sued over Forex Price Rigging Some of the largest…

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Southeast Asia’s First Fiat-to-Cryptocurrency Exchange Set to Launch in Singapore

Category: Altcoins, Bitcoin, Business, Development, Exchange, Finance, News

Southeast Asia’s First Fiat-to-Cryptocurrency Exchange Set to Launch in Singapore

Cryptocurrency trading just earned a major impetus in Southeast Asia, as the Singapore-based cryptocurrency exchange platform EurekaPro is set to launch the first ever fiat-to-crypto exchange platform in the region, per a report published by finews.asia on October 8, 2018. Seamless Fiat-to-Crypto Transactions The Singapore based fiat-crypto exchange is spearheaded by a team consisting of Junus Eu, Douglas Can, and…

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Queensland University Study Finds Tether not Responsible for Manipulating Bitcoin Price

Category: Bitcoin, Blockchain, News, Platform, Tech

Queensland University Study Finds Tether not Responsible for Manipulating Bitcoin Price

A recent academic study by Dr. Wang Chun Wei, a researcher at University of Queensland Business School, concluded that the “kingpin” of stablecoins, Tether (USDT), had no impact on the price of the bitcoin (BTC) during last year’s cryptocurrency bull run. The study provides an interesting perspective on the claims that the USD backed stablecoin was the prime culprit for…

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Duke University Professor: A National Cryptocurrency Could Potentially Replace Paper Money

Category: Altcoins, Blockchain, Commentary, Finance, News, Regulation

Duke University Professor: A National Cryptocurrency Could Potentially Replace Paper Money

If a recent interview from a Duke professor is something to go by, the U.S. national fiat currency could soon be replaced by a national cryptocurrency. Per a report published by The Chronicle, dated September 19, 2018, Duke Fuqua School of Business’ professor, Campbell Harvey, not only believes that the United States should create a national cryptocurrency, but concludes that…

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IronX Cryptocurrency Exchange Obtains Regulatory Approval in Crypto-Friendly Estonia

Category: Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

IronX Cryptocurrency Exchange Obtains Regulatory Approval in Crypto-Friendly Estonia

IronX, a cryptocurrency exchange established in June 2018 by the IronFX Group and EmurgoHK, the founders of the Cardano (ADA) distributed ledger technology (DLT) project, has received the approval of the Estonian Financial Intelligence Unit (FIU), to conduct business in the region as a fully regulated cryptocurrency trading venue. The firm is now one of the first exchanges in the…

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Bitcoin vs. Fiat: The Cryptocurrency Outperformed 3 National Currencies in 2018

Category: Altcoins, Bitcoin, Finance, Investment, News, Regulation

Bitcoin vs. Fiat: The Cryptocurrency Outperformed 3 National Currencies in 2018

As many countries in South America, Africa, and Eastern Europe are in the midst of an economic crisis, depreciating national currencies don’t come as a surprise. What did come as a shock was the fact that bitcoin would be the first to challenge the stability of fiat currencies, outperforming three different national currencies in 2018, as research from Pension Partners…

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To Decentralize or not: What Can Bitcoin Learn from Napster and BitTorrent?

Category: Adoption, Altcoins, Bitcoin, Blockchain, Commentary, Cryptocyclopedia

To Decentralize or not: What Can Bitcoin Learn from Napster and BitTorrent?

Over the past decade, the term “decentralization” has gone from relative obscurity to immense popularity. New technological endeavors, especially those that claim to have anything to do with blockchain technology, usually advertise decentralization as a critical selling point. Ultimately though, the vast majority of ordinary folk neither understand what it means nor has any express inclination to understand its implications….

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Bank of Finland Advisor Calls Cryptocurrencies an “Illusion,” States Distributed Ledgers Are Irrelevant

Category: Adoption, Bitcoin, Blockchain, Commentary, Finance, News

Bank of Finland Advisor Calls Cryptocurrencies an “Illusion,” States Distributed Ledgers Are Irrelevant

In line with strict global sentiments over cryptocurrencies, an advisor to the Bank of Finland (BoF) released a report in June 2018 titled “The Great Illusion of Cryptocurrencies,” elaborating on why cryptocurrencies are a “fallacy” and an “illusion” of money. Blockchain Payment Systems “Irrelevant” Written by BoF’s Adviser on Digitalization and Head of the Digital Central Bank, Aleksi Grym, the…

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What Do Free Markets Advocates Think About Bitcoin?

Category: Bitcoin, Blockchain, Commentary, Finance, News, Tech

What Do Free Markets Advocates Think About Bitcoin?

What libertarians, anarcho-capitalists, and proponents of the Austrian school of economics, all have in common is their love for free markets and disdain for state intervention. Many evangelists of these schools of thought have thus publicly praised decentralized digital currencies, such as bitcoin, as they provide individuals with personal financial sovereignty and allows them to store their wealth in an…

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Central Bank of Norway to Develop Digital Currency Following Decline in Cash Usage

Category: Altcoins, Finance, News, Regulation

Central Bank of Norway to Develop Digital Currency Following Decline in Cash Usage

Prompted by the decline in cash usage, Norges Bank, a central financial institution of Norway, is looking forward to developing its own cryptocurrency. As per Norges Bank’s recent report, dubbed the “Central Bank Digital Currency”(CBDC), plans to act as an alternative to fiat currency to “ensure confidence in money and monetary system.” Other central banks are also analyzing the possibility…

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